Core Viewpoint - China Merchants Bank's wholly-owned subsidiary, China Merchants Financial Investment, has been approved to commence operations with a registered capital of 15 billion RMB, marking a significant step in the expansion of financial asset investment companies (AIC) in China [1][5][7]. Group 1: Company Establishment and Approval - The establishment of China Merchants Financial Investment was a smooth process, taking just over six months from board approval to receiving the operating license [5]. - The registered capital of 15 billion RMB makes it the highest initial capital amount for a financial asset investment company at its inception [7]. - The approval from the National Financial Supervision Administration aligns with China Merchants Bank's strategy to enhance its comprehensive operational capabilities and support the real economy [5][9]. Group 2: Business Development Focus - Post-establishment, China Merchants Financial Investment will focus on market-oriented debt-to-equity swap business, enhancing synergy between production and finance, and supporting the real economy [9]. - The company aims to engage in equity investment pilot projects, particularly in technology innovation, to bolster its comprehensive operational capabilities and promote high-quality development [9]. - The investment strategy will emphasize intelligent, green, and integrated approaches, targeting key sectors such as technology innovation, green low-carbon initiatives, and advanced manufacturing [9]. Group 3: Industry Context and Expansion - The recent expansion of AICs is supported by favorable policies, allowing more commercial banks and insurance funds to participate in equity investment [12]. - Other banks, including Industrial Bank and CITIC Bank, have also received approvals to establish their AICs, indicating a growing trend in the sector [13]. - The increasing number of AICs is expected to foster differentiated investment strategies and enhance capital efficiency within the market [13][14].

招商银行于11月21日晚间发布公告称，已收到国家金融监督管理总局正式批复，其筹建的招银金融资产投资有限公司获准开业后，高管团队随即曝光。 上证报中国证券网讯（记者 徐潇潇）招商银行于11月21日晚间发布公告称，已收到国家金融监督管理总局正式批复，其筹建的招银金融资产投资有限公司 （简称"招银金融投资"）获准开业后，高管团队随即曝光。 据企查查官网显示，招银金融投资的核心管理团队已初步组建，该公司董事长由招商银行副行长雷财华担任，总经理为招商银行投资银行部总经理郑新盈； 董事包括李翀、齐向昱和李俐，三人均为招商银行相关部门负责人。 ...

Core Viewpoint - China Merchants Bank has received official approval from the National Financial Regulatory Administration to establish China Merchants Financial Asset Investment Co., marking it as one of the first batch of joint-stock bank financial asset investment companies approved in the country [1] Group 1: Company Overview - China Merchants Financial Asset Investment Co. is a wholly-owned subsidiary of China Merchants Bank, registered in Shenzhen with a registered capital of 15 billion RMB, making it the financial asset investment company with the highest initial registered capital at its establishment [1] Group 2: Business Focus - The company will engage in market-oriented debt-to-equity swap business, leveraging the comprehensive operational and collaborative advantages of China Merchants Bank's multiple asset management licenses to provide integrated services of "funding + capital" [1] Group 3: Strategic Direction - China Merchants Financial Asset Investment will focus on intelligent, green, and integrated development, supporting the construction of a manufacturing power, quality power, aerospace power, transportation power, and network power [1] - The company aims to utilize long-term and patient capital advantages to promote technological innovation, industrial innovation, and assist enterprises in reducing leverage, facilitating transformation and upgrading, and fostering a virtuous cycle among technology, industry, and finance [1]

Core Viewpoint - China Merchants Bank has received official approval from the National Financial Regulatory Administration to establish its wholly-owned subsidiary, China Merchants Financial Asset Investment Co., Ltd., marking a significant step in supporting national financial reform and serving the real economy [2]. Group 1 - China Merchants Financial Investment is registered in Shenzhen with a capital of 15 billion RMB, making it the highest initial registered capital among financial asset investment companies [2]. - It is one of the first batch of joint-stock bank financial asset investment companies approved in China, following Industrial Bank and CITIC Bank [2]. - The company will focus on sectors such as technology innovation, green low-carbon industries, and the Guangdong-Hong Kong-Macao Greater Bay Area development [2]. Group 2 - The subsidiary aims to leverage the comprehensive operational and collaborative advantages of China Merchants Bank's multiple asset management licenses to provide integrated "capital + funding" services [2]. - The investment strategy will emphasize intelligent, green, and integrated development, supporting the construction of a strong manufacturing, quality, aerospace, transportation, and digital nation [3]. - The company plans to assist enterprises in reducing leverage, promoting transformation and upgrading, and fostering a virtuous cycle among technology, industry, and finance [3].

Core Points - China Merchants Bank has received approval from the National Financial Supervision Administration to establish its financial asset investment company, marking it as one of the first joint-stock banks to do so [1][2] - The establishment of this company aligns with national development goals and aims to enhance the bank's comprehensive operational capabilities while providing diversified financing support to enterprises [1][2] Group 1 - The newly established company, China Merchants Jin Investment, is a wholly-owned subsidiary of China Merchants Bank, with a registered capital of 15 billion RMB, making it the highest initial registered capital among financial asset investment companies [1] - The company will focus on market-oriented debt-to-equity conversion and equity investment pilot businesses, leveraging the bank's multiple asset management licenses for integrated services [2] - It aims to support the construction of a modern industrial system, emphasizing intelligent, green, and integrated development, while promoting innovation in technology and industry [2] Group 2 - The company will target key areas such as technological innovation, green low-carbon initiatives, and advanced manufacturing to assist enterprises in reducing leverage and facilitating transformation [2] - It is positioned as a driving force for the construction of a strong manufacturing nation, quality nation, aerospace nation, transportation nation, and network nation [2]

Core Insights - China Merchants Bank has received official approval from the National Financial Regulatory Administration to establish China Merchants Financial Asset Investment Co., Ltd, marking it as one of the first batch of joint-stock bank financial asset investment companies approved in the country [1] Company Overview - China Merchants Financial Investment is a wholly-owned subsidiary of China Merchants Bank, registered in Shenzhen with a registered capital of 15 billion RMB, making it the highest initial registered capital amount for a financial asset investment company at its establishment [1] Strategic Importance - The establishment of China Merchants Financial Investment represents a significant step for China Merchants Bank in responding to national financial reform initiatives and supporting the real economy [1] Business Focus - The company will engage in market-oriented debt-to-equity swap business, leveraging China Merchants Bank's comprehensive asset management licenses to provide integrated financial services combining "funds + capital" [1] Development Goals - As a key player in modern industrial system construction, China Merchants Financial Investment aims to focus on intelligent, green, and integrated development, supporting the construction of a strong manufacturing nation, quality nation, aerospace nation, transportation nation, and cyber nation [1] Investment Areas - The company will concentrate on key sectors such as technological innovation, green low-carbon initiatives, and advanced manufacturing, assisting enterprises in reducing leverage, promoting transformation and upgrading, and fostering a virtuous cycle among technology, industry, and finance [1]

Core Viewpoint - The company has received approval from the National Financial Supervision Administration to establish a wholly-owned subsidiary, China Merchants Bank Financial Asset Investment Co., Ltd., with a registered capital of RMB 15 billion [1] Group 1: Company Development - The newly established subsidiary will focus on market-oriented debt-to-equity swap business, enhancing the synergy between industry and finance, and serving the real economy [1] - The company aims to actively engage in pilot equity investment projects to empower technological innovation and improve its comprehensive operational capabilities [1] - The establishment of the subsidiary is part of the company's strategy to promote high-quality development [1]

Core Viewpoint - China Merchants Bank has received approval for the establishment of its wholly-owned subsidiary, China Merchants Financial Asset Investment Co., Ltd, which will enhance its capabilities in market-oriented debt-to-equity swaps and equity investment pilot projects to support the real economy and promote high-quality development [1] Group 1 - The approval for the establishment of China Merchants Financial Asset Investment Co., Ltd was granted by the National Financial Supervision Administration [1] - The registered capital of the new subsidiary is RMB 15 billion [1] - The company aims to deepen the synergy between industry and finance, and enhance its comprehensive operational capabilities through specialized market-oriented debt-to-equity swap business [1] Group 2 - The new subsidiary will actively engage in pilot equity investment projects to empower technological innovation [1] - The company plans to complete the business registration and obtain the corporate business license as part of the establishment process [1] - The establishment of the subsidiary is part of the company's strategy to promote high-quality development [1]

格隆汇11月21日丨招商银行(03968.HK)公告，公司收到《国家金融监督管理总局关于招银金融资产投资 有限公司开业的批覆》(金覆[2025]667号)。根据上述批覆，公司筹建的招银金融资产投资有限公司获准 开业，公司将按照有关规定和程序前往市场监督管理部门办理工商注册登记手续，领取企业法人营业执 照，并在所有工作准备就绪后依照有关规定完成招银金融资产投资有限公司的开业工作。 招银金融资产投资有限公司注册资本为人民币150亿元，为公司全资子公司。设立招银金融资产投资有 限公司后，公司将通过专业化开展市场化债转股业务，深化产融协同与集团协同，服务实体经济；同时 积极开展股权投资试点业务，赋能科技创新，进一步提升公司综合化经营能力，全面推动高质量发展。 ...

招商銀行股份有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 招商銀行股份有限公司（「本公司」）收到《國家金融監督管理總局關於招銀金融資 產投資有限公司開業的批覆》（金覆[2025]667號）。根據上述批覆，本公司籌建的 招銀金融資產投資有限公司獲准開業，本公司將按照有關規定和程序前往市場監 督管理部門辦理工商註冊登記手續，領取企業法人營業執照，並在所有工作準備 就緒後依照有關規定完成招銀金融資產投資有限公司的開業工作。 招銀金融資產投資有限公司註冊資本為人民幣150億元，為本公司全資子公司。 設立招銀金融資產投資有限公司後，本公司將通過專業化開展市場化債轉股業 務，深化產融協同與集團協同，服務實體經濟；同時積極開展股權投資試點業 務，賦能科技創新，進一步提升本公司綜合化經營能力，全面推動高質量發展。 招商銀行股份有限公司董事會 2025年11月21日 於本公告日期，本公司的執行董事為王良及鍾德勝；本公司的股東董事（非執行 董事）為繆建民、石 ...